What is Zacks Research’s Forecast for Middleby Q3 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Stock analysts at Zacks Research issued their Q3 2026 EPS estimates for shares of Middleby in a research note issued on Tuesday, September 1st. Zacks Research analyst Team expects that the industrial products company will earn $1.74 per share for the quarter. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.85 per share. Zacks Research also issued estimates for Middleby’s Q4 2026 earnings at $1.81 EPS, FY2026 earnings at $6.84 EPS, Q1 2027 earnings at $1.71 EPS, Q2 2027 earnings at $1.84 EPS, Q3 2027 earnings at $1.96 EPS, Q4 2027 earnings at $1.93 EPS, FY2027 earnings at $7.44 EPS, Q1 2028 earnings at $1.90 EPS, Q2 2028 earnings at $1.99 EPS and FY2028 earnings at $7.99 EPS.

A number of other analysts have also commented on the company. Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays reaffirmed an “overweight” rating and set a $145.00 target price (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. KeyCorp set a $152.00 price objective on Middleby in a research note on Tuesday, July 14th. Finally, Oppenheimer restated an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.75.

Middleby Trading Up 0.8%

MIDD stock opened at $112.44 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. Middleby has a twelve month low of $109.68 and a twelve month high of $180.13. The company has a market cap of $5.08 billion, a P/E ratio of -12.14 and a beta of 1.31. The business has a fifty day moving average of $133.83 and a 200-day moving average of $144.24.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.09 by $0.26. The business had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS.

Institutional Trading of Middleby

Institutional investors have recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec increased its holdings in shares of Middleby by 2.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 91 shares during the period. Root Financial Partners LLC grew its position in Middleby by 64.2% during the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after buying an additional 102 shares in the last quarter. Evoke Wealth LLC grew its position in Middleby by 5.8% during the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after buying an additional 107 shares in the last quarter. Cresset Asset Management LLC increased its stake in Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 107 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 111 shares during the period. Institutional investors own 98.55% of the company’s stock.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks projects Middleby’s earnings will improve from approximately $6.84 per share in FY2026 to $7.44 in FY2027 and $7.99 in FY2028, suggesting potential longer-term earnings growth. Middleby analyst estimates
• Neutral Sentiment: The new FY2026 estimate of $6.84 EPS is essentially in line with the broader consensus of $6.85, while projected quarterly EPS ranges from $1.74 in Q3 2026 to $1.81 in Q4 2026. This indicates limited near-term estimate change. Middleby earnings estimates
• Negative Sentiment: Zacks’ Strong Sell stance is the clearest bearish signal and may weigh on investor sentiment, particularly as Middleby’s shares remain well below their 50-day and 200-day moving averages and close to the 52-week low. Zacks rating and Middleby stock data
• Negative Sentiment: The cautious rating comes despite Middleby’s latest quarterly earnings and revenue exceeding analyst expectations, because revenue was still down 10.5% year over year and the company reported a negative net margin. These operating concerns may be keeping investors focused on near-term weakness rather than longer-term EPS growth.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.